IL TEAMSTERS JOINT COUNCIL NO 25 AND EMPLOYERS APPRENTICESHIP & TRAINING FUND (EIN 431968605) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

TIMOTHY L CUSTER

Phone

8157730700

Tax Period

2024-09-01 to 2025-08-31

IL TEAMSTERS JOINT COUNCIL NO 25 AND EMPLOYERS APPRENTICESHIP & TRAINING FUND, founded in 2002, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $456K, a strong 27% operating margin.

Mission

PROVIDE TRAINING AND EDUCATIONAL OPPORTUNITES TO ENHANCE SKILLS RELATING TO THE NATURE, CONCERNS, OPERATION AND RELATIONS OF THE INDUSTRY IN WHICH PARTICIPANTS ARE EMPLOYED

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,563,540

Investment Income $81,413

Other Revenue $39,269

TOTAL REVENUE $1,684,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,694

Fundraising Expenses $0

Other Expenses $458,248

TOTAL EXPENSES $1,227,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,684,222	$1,660,065	+0.0%
Expenses	$1,227,942	$1,458,071	-0.2%
Net Income	$456,280	$201,994	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSTY TOBEY	EMPLOYER TRUSTEE/CO-CHAIRM	1.00	Director	$0	$0	$0
TIMOTHY L CUSTER	UNION TRUSTEE/CO-CHAIRM	0.50	Director	$0	$0	$0
CHRIS ASPERGREN	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JASON COX	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
FRANK KAZENSKE	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
DAVID MASHEK	FORMER EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
PATRICK NICHOLS	UNION TRUSTEE	0.50	Director	$0	$0	$0
PAT GLEASON	UNION TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL T HAFFNER JR	UNION TRUSTEE	1.00	Director	$0	$0	$0
BRYANT SMITH	UNION TRUSTEE	0.50	Director	$0	$0	$0
DAVID POTACZEK	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH COSTELLO	INSTRUCTOR	40.00	Highest	$153,201	$13,344	$166,545
MIKE BORJAS	DIRECTOR	40.00	Highest	$148,069	$53,681	$201,750
DAMON E WILSON	INSTRUCTOR	40.00	Highest	$160,652	$53,681	$214,333
DANIEL SIMS	INSTRUCTOR	40.00	Highest	$108,663	$53,681	$162,344

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,684,222	$1,227,942	$5,788,003	$456,280
2024	$1,660,065	$1,458,071	$5,211,047	$201,994
2023	$1,127,938	$1,374,298	$5,137,026	$-246,360
2022	$971,614	$1,332,778	$4,808,221	$-361,164
2021	$1,084,953	$1,070,849	$5,588,268	$14,104
2020	$1,184,860	$974,175	$5,234,859	$210,685
2019	$1,157,076	$1,014,808	$4,842,430	$142,268
2018	$1,252,490	$1,044,117	$4,569,964	$208,373

IL TEAMSTERS JOINT COUNCIL NO 25 AND EMPLOYERS APPRENTICESHIP & TRAINING FUND